Financial Indiscipline

Ljubo Sirc

Chapter 10 in The Yugoslav Economy under Self-Management, 1979, pp 146-161 from Palgrave Macmillan

Abstract: Abstract In the 1950s, when wages were closely restricted, monetary and credit policies were intended to prevent unwarranted investment and stockpiling, so that it was legitimate even then to claim that credit was one of the most important problems of the Yugoslav economy (118, p. 234). But credit was instead used to allow enterprises producing items not in demand to continue their operations so that it was turned into concealed subsidies (see p. 22). Regular repayment of credits should have been required (Mincev, Ep 4.3.61) but was not.

Keywords: Monetary Policy; Central Bank; Money Supply; Personal Income; Trade Credit (search for similar items in EconPapers)
Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-04093-3_10

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DOI: 10.1007/978-1-349-04093-3_10

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